UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Camelback Gardens
MLS Listing ID 7037138
Year Built 1947
Annual Tax Amount $1,577
Tax Year 2025
Lot Dimensions 24,430
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
The property consists of:
Two spacious 2 Bed / 1 Bath units
Two remodeled 1 Bed / 1 Bath units
Additional approximately 300 SF storage space
Separate approximately 4,000 SF yard area with potential for RV parking, storage rental income, or future expansion All units have been extensively renovated top-to-bottom with modern finishes throughout with over $150K renovations which were completed in Jan 2025, including:
Brand new kitchens
Fully updated bathrooms
New windows
New appliances
New water heaters installed January 2025
Unit Breakdown:
Unit 1: Approx. 800 SF - 2 Bed / 1 Bath
Units 2 & 3: Approx. 637 SF each - 1 Bed / 1 Bath
Unit 4: Approx. 900 SF - 2 Bed / 1 Bath
The property features individually metered electric service for all units and an impressive 12 parking spaces, providing ample room for tenant vehicles, work trucks, RVs, and guests.
Currently fully occupied and generating approximately $4,500/month in rental income. Current rents are below market, providing immediate upside potential for increased cash flow through future rent adjustments. Additional revenue opportunities include leasing the storage space to existing tenants and creating RV parking rentals within the oversized lot.
The large lot size and favorable layout also provide flexibility for future development opportunities and the potential to add additional units (buyer to verify with city/zoning requirements).
Conveniently located just 1 minute from I-17 with easy access to Downtown Phoenix, Grand Canyon University, shopping, employment centers, and public transportation. Situated in a strong rental market area with continued growth and high tenant demand.
Whether you are looking for a stable cash-flowing asset, value-add opportunity, or long-term development play, this property checks all the boxes.
Buyer to verify all facts, figures, measurements, zoning, and future development potential.
Location
State AZ
County Maricopa
Community Camelback Gardens
Area Maricopa
Direction W on Camelback Ave, North on 22nd Ave. Units are on the right.
Interior
Heating Other, See Remarks
Cooling Electric
Flooring Ceramic Tile
Appliance Disposal, Refrigerator, Microwave
Exterior
Parking Features Other, 1 Space/Unit
Community Features No Pool
Roof Type Other
Private Pool No
Building
Sewer Other
Water Other, See Remarks
New Construction No
Schools
Elementary Schools Alma Elementary School
High Schools Alhambra High School
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 153-25-083
Acceptable Financing Owner May Carry, Other (See Remarks), Conventional, 1031 Exchange, FHA, VA Loan, Trade
Disclosures Other (See Remarks), None
Listing Terms Owner May Carry, Other (See Remarks), Conventional, 1031 Exchange, FHA, VA Loan, Trade
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
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Jason Serikaku
Team Lead | Realtor® | SASA659882000
Team Lead | Realtor® SASA659882000